Economics

Economics is a study of how people coordinate, their wants and desires in society. Economics is a study of choice under conditions of scarcity. Tо think like economist is to address almost all issues using a cost/benefit approach.

You should know economic reasoning, economic terminology as well. Then you should know about financial institutions such as banks insurance companies stock markets and so on. You should also know the operations of business such as advertising and assembly line production accounting and much more. Economists are finally speaking the same language, but they stiff can't answer the big questions: what in the world happened to economic? Why the modem world economics has a complicated and ambigious image? Economic incentives can have a powerful influence on human behaviour. And noneconomic incentives can also be very strong. Keeping this moral in mind will significantly increase your economic understanding of the real world events.